Richard Quest

I have covered @MarkJCarney for years. Now he has his own electoral mandate (and has made history) - one of the best economists in the world. Perfectly suited to this fight. Calm. Charming. Deliberate and very clever. The US will regret this fight.

Declaring victory @MarkJCarney President Trump is trying to break us so that America can own us' US Canada relations will never be the same again. There’s no putting this genie back in the bottle

Had a wonderful week in #oman. A special place indeed and a special visit because ……. https://t.co/LI3J5nDweD

Tonight’s NYT “China Halts Critical Exports as Trade War Intensifies”. And so it gets worse. This is exactly what everyone warned about and feared. There are no winners in a trade war.

I spoke to soon: now it seems the electronics exemption is temporary: More uncertainty. More confusion. More reason for the market to trade lower. Will someone please stick to a policy long enough for us to understand what’s next.

Probably the market rallies (or at least tech does) on the back of the electronics exemption. But giving the White House credit for this, is like the arsonist being thanked for calling the fire brigade.

It’s Friday. Should I treat myself to a sugar donut on the way to the gym ? The last before Passover

Today’s inflation data is evidence of demand falling leading to economic weakness. And this is before tariffs. The fed may now need to cut rates to avoid recession (which will probably happen anyway)

Surely no one believed the market turmoil was over. We still have: China 145%; Auto Tarrifs, steel tariffs, a new 10% global floor tariff (x3 previous average) and the sword hanging over us for 90 days. Oh and Pharma tariffs to come Why would the market rally?

And so to bed. Long day. Goodnight

Oh yes. The new U.S. across the board 10% tariff is still tripple the previous average of around 2.5%

One question: why didn’t President trump give the 90 day negotiating period last week when he announced the higher tariffs instead of roiling the markets unnecessarily with his “next week” deadline?